As a major Oracle exam recognized by most companies, the Oracle Revenue Management Cloud Service 2021 Implementation Essentials deserves real preparation. Prep4away delivers 82 practice questions for the 1Z0-1059-21 exam in 2026.
Oracle 1Z0-1059-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Revenue Management Overview | - Explain revenue principles (ASC 606, IFRS 15) - Describe user interface and navigation |
| Revenue Contracts and Processing | - Manage contract modifications - Identify contracts and performance obligations - Process customer contract source documents - Allocate transaction price |
| Reporting and Analytics | - Create OTBI reporting objects - Use predefined reports and dashboards |
| Standalone Selling Price Configuration | - Configure price profiles and derivation rules - Monitor and adjust pricing data - Define and manage standalone selling prices |
| Revenue Management Setups | - Define contract identification rules - Set up accounting rules and ledgers - Configure system options and profile options |
| Integration and Accounting | - Describe integration with Oracle Cloud ERP - Analyze subledger accounting entries - Load data using FBDI templates |
Oracle 1Z0-1059-21 Exam Questions
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The Oracle Revenue Management Cloud Service 2021 Implementation Essentials is Oracle's certification exam for Oracle Revenue Management Cloud Service 2021 Certified Implementation Specialist, at the Specialist level. As a major exam recognized by most companies, it proves your IT ability to employers — including the big international ones.
The Oracle Revenue Management Cloud Service 2021 Implementation Essentials blueprint covers 6 domains — including Revenue Management Overview, Reporting and Analytics, Integration and Accounting. Pay attention to the key points where weightings concentrate; the full outline above lists every subtopic.
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No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud Eligibility rules are updated periodically, so verify the current requirements on the official page (official 1Z0-1059-21 exam page) before registering.
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Oracle Revenue Management Cloud Service 2021 Implementation Essentials Sample Questions:
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
- B. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- C. your invoiced goods and services less those goods and services that you have not yet delivered
- D. Unearned Revenue
Correct Answer: B 🗳️
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a pricing dimension structure is enabled for pricing bands
- B. when a pricing dimension structure Instance Is enabled for pricing bands
- C. when a source document type is enabled to use pricing bands
- D. when a value set segment label of Set Band is used
Correct Answer: A 🗳️
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- B. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- C. Create custom program to extract sales order and fulfillment data from Order Management.
- D. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- E. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- F. Add Order Management in the Manage Trading Community Source Systems page.
Correct Answer: E 🗳️
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Sales Data Source Documents Import
- B. Customer Contract Source Documents Import
- C. Customer Contract Source Data Import
- D. Customer Sales Source Data Import
Correct Answer: C 🗳️
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates are specific to the business and cannot be predefined.
- B. Performance Obligation Templates take precedence over Performance Obligation Rules.
- C. Performance Obligation Templates can be associated to a Revenue Price Profile.
- D. Oracle delivers three predefined Performance Obligation Templates,
Correct Answer: D 🗳️
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